- BUSINESS LINGO DICTIONARY HOW TO
- BUSINESS LINGO DICTIONARY UPDATE
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Meaning: You will help clients adjust to change in their workplace. Accelerate change enablement utilising your experience in delivering a range of change management programs including cultural transformation, organisational design, HR transformation, workforce strategy design/transition and technology implementations.” Capgemini in a job ad for a change management consultant. It’s better to leave the cascading to waterfalls.Ĭhange enablement Use: “What you’ll do. The Oxford English Dictionary defines the verb as “to pass on information by giving it to just a few people, who then give it to more people to be passed on in this way” but the Macquarie Dictionary does not have a similar definition among its six options. Meaning: Please share this information with colleagues and clients.
BUSINESS LINGO DICTIONARY HOW TO
Since KPMG helping a leader improve their leadership skills is definitely not like going to war, this is a clearer option: “KPMG can show you how to lead more effectively through broad organisational change.”Ĭascade Use: “Please feel free to cascade” At the top of an internal announcement in a big four bank email. Capability means “the ability to do something”, while uplift means to “raise the level of” or “improve”. The alternative: “Capability” and “uplift” are both examples of military-like terms that professionals, and especially consultants, love to use. What it probably means: KPMG wants to help teach leaders how to lead through broad organisational change. Meaning: Leaders need to learn how to lead through broad organisational change. It’s an easy mistake to believe that because someone is at the top of an organisation they know how to do everything and to lead through every situation.” KPMG webpage on ‘The moments that matter in transformation’. “I don’t have the capacity to do this extra task.”Ĭapability uplift Use: “Leaders also need to embark on transformation leadership capability uplift. What it probably means: I don’t have time – and really don’t want to – accept any extra work.
After all, the big four consulting firms are never shy about providing services that extend way beyond their accounting roots.īandwidth Use: “I don’t have bandwidth for that task.“ Meaning: I don’t have any time to do that task. If you’re a law firm offering a consulting service, it doesn’t matter how adjacent the service is or isn’t to your legal advice – it’s still a non-legal service. The alternative: Lose the term “adjacent” because it is effectively meaningless.
BUSINESS LINGO DICTIONARY PROFESSIONAL
We are still a law firm, a far superior form of professional service firm. What it probably means: We want to win advisory work away from consultants, but we don’t want to look like we are competing with the consultants. Meaning: We are a law firm that offers consulting services – but only when they are related to our legal advice.
BUSINESS LINGO DICTIONARY UPDATE
This glossary will be updated regularly, with last update made on February 8th, 2023.Īdjacent Use: “The new business lines provide specialist consulting services adjacent to and that complement the firm’s existing core legal services” Ashurst describing the firm’s consulting service.
US spelling is used if that is the source of the jargon. It is featured in the Professional Life newsletter ( sign up here). #REF! is a column that looks at the words and phrases professionals love to use, and what they’re really saying.
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